The redesign follows the council’s U-turn two weeks ago to save the pub, takeaway and the Marks & Spencer building which faced demolition.

Councillor Philip Mirfin, executive member for regeneration and communities, said: “The public expressed their wishes to retain that as it’s part of the heritage of the town and we would be foolish to go against those wishes.”

Bosses say they have listened to feedback from a previous consultation and 157 comments from the original Peach Place planning application which was pulled last December.

Under the plans, the buildings between Costa Coffee and The Redan will be demolished and replaced, with both retailers remaining, and 22 apartments added above Peach Street.

Cllr Mirfin explained: “We are going to have some apartments in the roofs of the regenerated buildings, which will help fund the whole regeneration process.”

planned on what is Rose Street car park, with retail units and four town houses.

Cllr Prue Bray, leader of Wokingham Liberal Democrats, welcomed the addition of apartments to make this part of the scheme financially viable.

She said: “We are happy it is no longer linked to Elms Field. As it is financially viable it means there is less pressure to build on Elms Field.

“We have always said not to build on Rose Street car park – that is our biggest problem with the plans. The doctors’ surgery, the businesses and residents need it. They could do 95 per cent of what they wanted in Peach Street without having to take away the parking in Rose Street.”

A preview of the plans will be available at four drop-in sessions before they are submitted, and the regeneration team will be on hand to answer questions.

Cllr Mirfin and his team will also discuss the plans with schools and key community groups such as Wokingham Town Council, town centre resident associations, The Wokingham Society, Wokingham Town Team, the Chamber of Commerce and retailers.

He added: “These exhibitions are the opportunity for people to come along see the plans and ask questions.

“They will have an opportunity to submit their views about the scheme once we’ve submitted the planning application.

“At this point a formal statutory consultation will follow, and this consultation period will be extended to take into account the Christmas period, allowing residents plenty of time to look at the designs and submit their comments.”